Barclays Increased Its BlackRock Bitcoin ETF Holdings by 48% in Q3 Filings
(2 hours ago) · 1 source · Summarized by CryptoBipto
Barclays reportedly increased its stake in BlackRock's iShares Bitcoin Trust (IBIT) by 48%, according to quarterly regulatory filings. The move is part of a broader trend of major banks expanding their exposure to spot Bitcoin ETFs. Other banking institutions have also reportedly increased their Bitcoin ETF holdings during the same period.
WHY IT MATTERS
A Bitcoin ETF is a financial product that trades on a stock exchange and tracks the price of Bitcoin, allowing investors to gain exposure to Bitcoin without having to buy and store the cryptocurrency themselves.
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SOURCES
- cointelegraph.com
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